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L G[_24_]

John H wrote:
On Sun, 20 Feb 2011 18:56:33 -0500, L wrote:

jps wrote:

On Sun, 20 Feb 2011 03:32:06 -0500, wrote:

wrote in message ...

On Sat, 19 Feb 2011 14:20:50 -0500, wrote:

In ,
says...

On Sat, 19 Feb 2011 08:11:53 -0800, wrote:

Unemployment benefits are one of the
MOST stimulative things around.

I don't think there's any evidence for that. A lot of smart people
would argue that new infrastructure projects, as long as they're
really needed, not only create jobs but also leave behind something of
long term value. More importantly they increase the velocity of money
flow which is a basic economic principle.

Look I have money in my left hand. Close your eyes. No open your eyes.
No the money is in my right hand. It is the same money it has just been
moved from one hand to the other. There has been no wealth creation.
There is no new money. There is no increase in the amount of money. It
is all just slight of hand.

No idiot... most if not all of the money from an unemployed person who
receives benefits is SPENT IMMEDIATELY. That is stimulative. Giving
rich people a few $1000 does next to nothing. They put it in savings
and maybe a little of it ends up as stim.

You are leaving out the real purpose of a true "stimulus" package.

Economic growth.

Extending unemployment benefits may be a necessary thing to do to prevent
people from falling off a cliff
but it does nothing to generate growth in the economy. The families of
people who have lost jobs are getting
by on a percentage of their former income. For them it's a time of belt
tightening and controlled spending.

The problem (as I see it) is the ramifications of a global economy and
competitive manufacturing. It's convenient to simply blame business for
outsourcing jobs but in reality they *have* to in order to stay in business.

Here's what is going on ... and it ain't pretty folks.

With the emergence of China as a major global manufacturer (along with
Mexico and a few other nations) the USA can no longer compete. Our pay
scales and benefit packages, established over decades, are simply too high
to compete with those of places like China. Many point fingers of blame at
China citing worker abuse and slave labor, etc., but the fact is that the
Chinese worker never had it so good. 20 years ago he and his family pedaled
around on bicycles. They have traded them in for their first car.
People tend to compare working conditions, pay and benefits relative to what
would be expected here in the USA.
That's a mistake. Factory workers in China are making more money now and
are enjoying a standard of living that they never dreamed of 20-25 years
ago.

In time Chinese workers may follow the same path as those here in the USA
and start demanding higher pay, better working conditions and benefit
packages and the cost of Chinese produced goods will begin to rise. But
that's a long way off.

Meanwhile, the Chinese government is financing the USA in order to maintain
a market for their manufactured goods.
The USA is the largest importer of their products .... for now. Once the
Chinese establish significant markets elsewhere in the
world, the financing of the US economy will end. That's when the **** will
hit the fan big time. And it's not 5 or 10 years away.
It's happening right now.

The whole relative pay scale and benefit expectations in the USA is going to
have to be completely revamped. This will affect the values of homes,
property and everything else that makes up an economy and standard of
living. Those who are living in the past, with expectations of payscales
and benefits of the 80's 90's and early 2000's are living in a dreamland.

Stand by for heavy rolls. (boating content)

Eisboch

Every man for himself. The next to suffer will be the undereducated
American who've just been getting by. The urban undereducated are
already suffering. Walmart will have a harder time finding buyers for
its Chinese goods when our country is even further divided by haves
and have nots.

China has its own problems.

It's unfortunate that many of the have nots breed a disproportionate
amount of future have nots.

There are much nicer ways to say that.

For example...In Washington D.C. about 20% of the babies are born to *married*
mothers. Or...Almost 20% of the prison population in 2008 was *not*
African-American or Hispanic.

Emphasize the positive, so to speak.

My comment had nothing to do with any race or religion. There are
plenty of losers in all categories that breed more losers.

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